The English Devolution and Community Empowerment Bill includes proposals to ban upwards only rent reviews in commercial leases. As of March 2026, the Bill continues to progress through the House of Lords with exact details still to be determined. The direction of travel, however, points to a ban on upwards-only rent reviews taking effect during 2026, so landlords, tenants and lenders should plan now for rents that may move up or down, and for the knock on effects on valuations and funding.